The objective of the Fund is to achieve long-term capital appreciation by investing at least two thirds of the total assets of the Fund (without taking into account ancillary liquid assets) in a diversified portfolio of equities of companies with their registered office in a European country or exercising their business activities predominantly in European countries which are listed on recognized European stock exchanges.
Up to one third of the total assets of the Fund may be invested in aggregate in cash and cash equivalents, money market instruments or equity and equity related instruments issued by companies or other entities not meeting the above requirement.